Second CDR Employee Pleads Guilty

WASHINGTON — A second former employee of CDR Financial Products Inc., Matthew Adam Rothman, has pleaded guilty to participating in bid-rigging and fraud conspiracies with other firms that provided investment agreements to states and localities, the Justice Department announced late Thursday.

The guilty plea comes about two weeks after Daniel Naeh, a former employee living in Israel, pleaded guilty for his participation in the same scheme that led to the department’s more than four-year investigation into bid-rigging and anticompetitive behavior in the muni market.

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